Which of the Following Is Not a Power of the Federal

question 6

Multiple Choice

Which of the following is not a power of the Federal Reserve System?

• A)setting the prime interest rate
• B)issuing Federal Reserve notes
• C)buying and selling U.S.government securities
• D)extending loans to member banks
• E)clearing checks

---

Definitions:

Revenue

The consolidated income from the sale of goods or services that constitute the backbone of a company's operational efforts.

Revenue Account

A Revenue Account tracks the income generated from a company’s primary operations, such as sales of goods or provision of services.

Expenses

Costs incurred in the process of earning revenue, including operational, administrative, and sales costs.

Supplies

Items used in the operation of a business that are consumed or not durable over a long period, such as office materials or cleaning supplies.